Foreclosure and REO Appraisals in Wasatch CountyProperties that have gone back to the bank's holding and properties in foreclosure present unique appraisal difficulties.For a home in foreclosure, you would be wise to understand the difference between the market and a "quick disposition" price to know your probable charge-off liability. At Wolf Creek Appraisal Group, LLC, we have the knowledge in both providing snapshots of market value for our mortgage originating clients, in addition to "quick sale" forecasts that understand your urgency.
Particular challenges can be present when working with owners of houses in foreclosure. They might be opposed to allowing an inspection of the home. If they have abandoned the property already, they could have ignored the care of the home for a long time - or unfortunately, damaged the property. If you're dealing with a house that has changed to REO, you will interested in an expeditious disposition. But you may want to know about and compare three values: as-is, as repaired, and "quick sale". These symbolize:
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